What the U.S- can learn from rental housing markets across the globe Jenny Schuetz and Sarah Crump
The COVID-19 pandemic’s enormous economic shock has stressed U.S. housing markets—particularly for the nation’s 44 million renter households, many of whom face escalating costs and deteriorating financial stability. Other countries around the world, too, face these challenges, but do so with sometimes vastly different legal systems, financial instruments, and policy frameworks underpinning their real estate markets.
With that in mind, we believe that this is a good moment to ask what lessons the U.S. can learn from other countries about helping people pay their rent. How are rental housing markets structured in other countries? What kinds of financial subsidies and legal protections do other countries’ renters have? Do other countries have similar challenges with housing supply?